YOUR SUPPORT TODAY! Who Really Has a Fundraising Advantage?
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| Also listed in: 2008 Rapid Response | Americans for Barack Obama 2008 | Barack Obama | Barack Obama 2008 | Barack Obama 2008: An Honest Government, A Hopeful Future | CDA Womens Caucus | OBAMA FOR PRESIDENT | PA Democratic Women | Pennsylvania Democrats | Women Support Obama - WSO |
ATTENTION OBAMA SUPPORTERS!
Barack Needs Your Support!
Please Read the Following which is 100% true. - McCain's Advantage
David Plouffe did a video about it the other day.
https://donate.barackobama.com/page/contribute/briefing1?source=20080627_DPV_D1
Sat Jun 28, 2:06 PM Pacific
The Myth of John McCain's Fundraising Disadvantage
A few days ago, I showed that despite John McCain's widely praised decision to accept public funding, about half of his general election budget will be funded privately with donations funneled through the Republican National Committee.
Even though the public finance system nominally limits McCain's post-convention spending to the $84 million he'll receive in public funds, those limits are relatively meaningless thanks to loopholes that allow him to spend RNC money as if it were his own.
When I wrote about this, I thought I was flagging something that the McCain campaign would have wanted to keep under wraps to avoid charges of hypocrisy. After all, individuals can give up to $28,500 to the RNC, more than twelve times as much as the $2,300 an individual is allowed to give to Obama's general election campaign.
It turns out that I was completely wrong -- for weeks now the McCain campaign has been publicly boasting that McCain-RNC fundraising activities are joint operations to raise money for McCain's general election campaign.
In fact, when McCain campaign manager Rick Davis gave a strategy briefing to supporters earlier this month, he explicitly noted that as far as the general election is concerned, there is no meaningful distinction between McCain campaign fundraising and RNC fundraising.
Davis argued -- correctly -- that to get a true understanding of who is leading the fundraising battle, one must look at the combined totals of each candidate and their party.
In other words, it's not the John McCain 2008 committee versus the Obama for America committee, it's McCain+RNC versus Obama+DNC.
And when you look at the numbers that way, the world turns upside down: John McCain is leading the fundraising battle, and it's not even close.
As you can see from this chart, John McCain and the RNC not only outraised Barack Obama and the DNC by more than 50% in May -- $45.9 million to $28.1 million -- they are also sitting on nearly twice as much cash-on-hand, $85.1 million to $47.1 million.
The bottom-line here is that the media have spun up a David and Goliath narrative about fundraising this campaign. They are partially right -- it is a David and Goliath battle, but they've got the roles reversed.
No matter what happened in the primary season, so far in the general election, it's John McCain whose got the fundraising advantage now.
And it's Barack Obama who is the underdog.
100% true. David Plouffe did a video about it the other day.
https://donate.barackobama.com/page/contribute/briefing1?source=20080627_DPV_D1
Barack Needs Your Support!
Please Read the Following which is 100% true. - McCain's Advantage
David Plouffe did a video about it the other day.
https://donate.barackobama.com/page/contribute/briefing1?source=20080627_DPV_D1
Sat Jun 28, 2:06 PM Pacific
The Myth of John McCain's Fundraising Disadvantage
A few days ago, I showed that despite John McCain's widely praised decision to accept public funding, about half of his general election budget will be funded privately with donations funneled through the Republican National Committee.
Even though the public finance system nominally limits McCain's post-convention spending to the $84 million he'll receive in public funds, those limits are relatively meaningless thanks to loopholes that allow him to spend RNC money as if it were his own.
When I wrote about this, I thought I was flagging something that the McCain campaign would have wanted to keep under wraps to avoid charges of hypocrisy. After all, individuals can give up to $28,500 to the RNC, more than twelve times as much as the $2,300 an individual is allowed to give to Obama's general election campaign.
It turns out that I was completely wrong -- for weeks now the McCain campaign has been publicly boasting that McCain-RNC fundraising activities are joint operations to raise money for McCain's general election campaign.
In fact, when McCain campaign manager Rick Davis gave a strategy briefing to supporters earlier this month, he explicitly noted that as far as the general election is concerned, there is no meaningful distinction between McCain campaign fundraising and RNC fundraising.
Davis argued -- correctly -- that to get a true understanding of who is leading the fundraising battle, one must look at the combined totals of each candidate and their party.
In other words, it's not the John McCain 2008 committee versus the Obama for America committee, it's McCain+RNC versus Obama+DNC.
And when you look at the numbers that way, the world turns upside down: John McCain is leading the fundraising battle, and it's not even close.
As you can see from this chart, John McCain and the RNC not only outraised Barack Obama and the DNC by more than 50% in May -- $45.9 million to $28.1 million -- they are also sitting on nearly twice as much cash-on-hand, $85.1 million to $47.1 million.
The bottom-line here is that the media have spun up a David and Goliath narrative about fundraising this campaign. They are partially right -- it is a David and Goliath battle, but they've got the roles reversed.
No matter what happened in the primary season, so far in the general election, it's John McCain whose got the fundraising advantage now.
And it's Barack Obama who is the underdog.
100% true. David Plouffe did a video about it the other day.
https://donate.barackobama.com/page/contribute/briefing1?source=20080627_DPV_D1
It would be great to have it something other than $0.00 by the deadline of midnight tonight..
Please help.. YES WE CAN!!